Latest PwC Headlines

All the headlines from our PwC Topic Page, ordered by recency.

Insurance Company Run-Off Management Strategies Face Obstacles, Study Says

Feb 13 2007 // The U.S. insurance industry should be paying greater attention to the run-off market, according to a study published by PricewaterhouseCoopers’ (PwC) Insurance Restructuring Group. The “US Discontinued...

PwC Names Bennett as a Director in Insurance Risk Management Practice

Nov 17 2005 // The Transaction Services group of PricewaterhouseCoopers has named Richard L. Bennett Jr. as a director in the firm’s Insurance Risk Management Solutions (IRMS) practice. In that role, Bennett, 38, will work with the...

Court: Accountant Responsible for Full $183 Million Judgment From Ambassador Collapse

Oct 2 2005 // Accounting giant PricewaterhouseCoopers LLC is fully responsible for paying a $182.9 million judgment stemming from a jury’s finding that a predecessor company was negligent in auditing Ambassador Insurance Co.,...

Greenberg Fights Back; Ousted AIG Exec Defends Accounting and Challenges Current Management

Aug 4 2005 // Maurice “Hank” Greenberg, former chief executive officer of American International Group Inc., is battling back against charges he cooked AIG’s books, arguing that many of the accounting decisions for...

AIG to Restate Past Financials as Internal Audit Continues; Acknowledges Lack of Internal Controls

May 2 2005 // American International Group Inc. said that it has decided to restate financials from several previous years and that preliminary results of its internal audit show its 2004 results should be reduced by $2.7 billion, or...

State Fund Non-Renews PwC Auditor Contract

Oct 8 2003 // California’s State Compensation Insurance Fund recently non-renewed their contract with former auditors PricewaterhouseCooopers LLP, effective immediately. State Fund notified both the auditor and the California...

State Fund Issues 2002 Financials; Discusses Reserve Estimates

Aug 4 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...

State Fund Issues 2002 Financials, Discusses Reserve Estimates

Jul 23 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...

PwC Consulting Launches Solution to Meet Technology Challenges

Apr 11 2002 // PwC Consulting™, a business of PricewaterhouseCoopers, has introduced the Integrated Financial Services Solution for Insurance (iFS Solution), the first component-based solution designed for the industry. The iFS...

Independent Investigation Heats Up as PwC Finds $87.8 Million in Unrecorded Claims

Jun 22 2001 // PricewaterhouseCoopers, the provisional liquidators appointed last Monday to sort out the financial mess at the U.K.’s Independent Insurance, have so far uncovered £62 million ($87.8 million) worth of insurance...

Insurance Regulators Team Up at PricewaterhouseCoopers

Feb 22 2001 // PricewaterhouseCoopers LLP, the world’s largest professional services organization, has hired former New York and Maryland insurance commissioner Edward Muhl, Kenneth Gibson, Roger Langley and Lynne Hepler in the...

PwC Report Examines The Future of the Industry

Nov 30 2000 // International accounting and consulting firm Pricewaterhouse Coopers has issued a report on the future of the property/casualty industry, which examines the competitive landscape and “identifies the key drivers...

PricewaterhouseCoopers, PeopleSoft Forge ASP Initiative

Jun 5 2000 // Specifically, PricewaterhouseCoopers will provide PeopleSoft Internet application suites for Customer Relationship Management (CRM), eProcurement, Insurance Administration, Professional Services Automation (PSA), Financial...